Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.
Adam Galica | CNBC
Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal year.
Here’s how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:
- Earnings: $1.11 per share, adjusted, vs. $1.03 per share expected
- Revenue: $14.67 billion vs. $14.61 billion expected
Revenue increased by 7.6% in the fiscal first quarter, which ended on Oct. 28, according to a statement. Net income, at $3.64 billion, or 89 cents per…